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Today's picks: From Tata Motors to Hindalco, hot stocks to watch on Friday

Nifty, Bank Nifty, Tata Motors, Indiabulls Housing and Hindalco - stocks to watch out for

Devangshu Datta 

Nifty
Current: 10,716 (fut: 10,725), Target: NA
Stop-long positions at 10,650. Stop-short positions at 10,800. Big moves could go till 10,850, 10,600. A long 10,600p (94), short 10,500p (66) could gain 10-15 if the index tests support at 10,650.


Bank Nifty
Current: 26,131 (fut: 26,055)
Target: NA
Stop-long positions at 25,925. Stop-short positions at 26,200. Big moves could go till 26,400, 25,675. Trend could go negative.

Tata Motors
Current price: Rs 333.5
Target price: Rs 327
Keep a stop at Rs 337 and go
short. Add to the position between Rs 328 and Rs 329.

Book profits at Rs 327.

Indiabulls Housing
Current price: Rs 1,208 Target price: Rs 1,185
Keep a stop at Rs 1,220 and go short. Add to the position between Rs 1,190 and Rs 1,195. Book profits at Rs 1,185.

Hindalco
Current price: Rs 241 Target price: Rs 245
Keep a stop at Rs 239 and go long. Add to the position between Rs 243 and Rs 244. Book profits at Rs 245.

Target prices, projected movements in terms of next session, unless otherwise stated

First Published: Fri, May 11 2018. 06:30 IST
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